Down the Up Escalator by Barbara Garson How the 99 Percent Live in the Great Recession

One of our most incisive and committed journalists—author of the classic All the Livelong Day—shows us the real human cost of our economic follies.

The Great Recession has thrown huge economic chal­lenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water and maybe even—someday—get ahead. Garson has interviewed an economically and geographically wide variety of Americans to show the pain­ful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stag­nation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles—stocks, technology, real estate. This is no way to run an economy, or a democracy.

From the members of the Pink Slip Club in New York, to a California home health-care aide on the eve of eviction, to a subprime mortgage broker who still thinks it could have worked, Down the Up Escalator presents a sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators. But it also demonstrates the wit and resilience of ordinary Americans—and why they deserve so much bet­ter than the hand they’ve been dealt.

BARBARA GARSON is the author of three books: All the Livelong Day: The Meaning and Demeaning of Routine Work, The Electronic Sweatshop: How Computers are Transforming the Office of the Future, and, most recently Money Makes The World Go Around: One Investor Tracks her Cash Through the Global Economy. She has also written several plays, including Mac Bird! and the OBIE award-winning The Dinosaur Door, and her work has appeared in Harper's, The New York Times, Newsweek, and The Nation.

Publishers Weekly

Through their stories, she weaves lucid explanations of the mortgage bubble and financial speculations that wrecked the system, situating them within a larger analysis of the generations-long post-Vietnam economic transformation that replaced middle-class jobs with low-paid contingent labor, wide...